Common use of Adjustments to Award Clause in Contracts

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUs, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, in its sole discretion, adjust the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 10 contracts

Samples: Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

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Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUsUnits, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, in its sole discretion, adjust the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 9 contracts

Samples: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares shares covered by the RSUsUnit award, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, in its sole discretion, adjust the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 4 contracts

Samples: Performance Restricted Stock Unit Award Agreement, Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares shares covered by the RSUsRSU award, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, in its sole discretion, adjust the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 2 contracts

Samples: Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUsUnits, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, prior to the Change in Control, in its sole discretion, adjust the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 2 contracts

Samples: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc), Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

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Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUs, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee maymay prior to the Change in Control, in its sole discretion, adjust the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 1 contract

Samples: Global Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUs, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, prior to the Change in Control, in its sole discretion, adjust the terms of this RSU award (including, without limitation, the number and kind of Shares subject to this RSU award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 1 contract

Samples: Time Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

Adjustments to Award. (i) In the event that the Company engages in a transaction such that any dividend or other distribution (whether in the form of cash, Shares, other securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-spin- off, combination, repurchase or exchange of Shares or other securities of the Company, issuance of warrants or other rights to purchase Shares or other securities of the Company or other similar corporate transaction or event affects the Shares covered by the RSUsUnits, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Agreement, the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) shall be adjusted as set forth in Section 4(c) of the Plan. (ii) Upon a Change in Control, the Committee may, in its sole discretion, adjust the terms of this RSU Unit award (including, without limitation, the number and kind of Shares subject to this RSU Unit award) by taking any of the actions permitted under this Agreement and in accordance with Section 4(c) of the Plan.

Appears in 1 contract

Samples: Global Performance Based Restricted Stock Unit Award Agreement (Moneygram International Inc)

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